Director Shareholding

Falkland Islands Holdings PLC
13 October 2004


FALKLAND ISLANDS HOLDINGS plc ('The Company') 
DIRECTORS SHAREHOLDING

The company announces that as a result of participating in the recent cash 
placing of new shares, Mr Hudd the Chairman acquired a further 18,400 ordinary 
shares of 10 pence at the placing price of 335p.

Mr Hudd is now interested in 38,400 ordinary shares of 10 pence and has 
unapproved executive share options of 81,300 and savings related share options 
of 5,400.


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